3-Month Price of Aluminum Improves 0.4%

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 With a 0.4 percent increase over the past day, the 3-month price of aluminum was the biggest mover on the LME, closing at $1,946 per metric ton on March 20, 2013. On the LME, the primary aluminum cash price inched up 0.4 percent to $1,902 per metric ton. At INR 103.60 ($1.90), the Indian aluminum cash price finished the market day up 0.3 percent per kilogram.

Chinese aluminum closed mixed on Wednesday. After a 0.1 percent increase, the cash price of Chinese aluminum finished the day at CNY 14,520 ($2,337) per metric ton. The price of Chinese aluminum scrap continues hovering around CNY 11,625 ($1,871) per metric ton for the fifth day in a row. Chinese aluminum billet stayed flat at around CNY 14,400 ($2,317) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,261) per metric ton.